ic big energy will suffer, but clean energy does well. big phrma suffers, but the hospital space does well. financial services probably from a regulatory standpoint suv, but that's one of my favorite sectors. because i think the earnings expansion in the sector will outwaysectors. because i think the earnings expansion in the sector will outwayfavorite sectors. because i think the earnings expansion in the sector will outwaysectors. because i think the earnings expansion in the sector will outway -- >> it's your favorite because you're in it. >> i guess i'm a little biassed there. >> jim, do you have a take on micro or macro crow? >> if you look at what's happened in the market since mid october, you've had cyclical sectors, financials, energy, materials perform the worst. yet the open interest put call ratio suggests there's not a lot of fear embedded. the other thing i'd point out is the second worst performing sector over that period is utilities. so this is not as simple as a risk on risk off period where you can go in traditional sec